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Affordable Housing Analysis in Zip Code 44902: LIHTC Impact on Mansfield, Ohio
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 44902 in Mansfield, Ohio, contains 69 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. This zip code encompasses 2.17 square miles and had a population of 6,162 in 2022. The estimated housing inventory of 2,361 units suggests that LIHTC funded affordable housing comprises approximately 2.9% of the zip code's housing stock.
LIHTC projects in zip code 44902 have received $749,854 in tax credits, averaging $10,867 per unit. This zip code accounts for 0.18% of Ohio's total LIHTC funding. Affordable housing has been present in this zip code since at least 2001, with the completion of the Voegele Building. The most recent project, Mansfield Homes I, was completed in 2002.
The affordable housing inventory in zip code 44902 consists of 8 two-bedroom units, 32 three-bedroom units, and 29 four-bedroom units. This distribution indicates a focus on accommodating families and larger households.
Zip code 44902 has experienced demographic shifts over the past decade. The population increased from 4,865 in 2015 to 6,162 in 2022. Median income rose from $20,486 in 2015 to $26,615 in 2022. Racial demographics changed, with the white population decreasing from 65% in 2015 to 52% in 2022, while the Black population increased from 26% to 34%. The Hispanic population and those identifying as two or more races also saw slight increases.
No new LIHTC projects have been recorded in zip code 44902 in the last decade, despite demographic changes and population growth. This could be due to various factors, including changes in funding priorities, local development policies, or the presence of other affordable housing initiatives not captured in this data.
Zip code 44902 in Mansfield, Ohio, has a foundation of LIHTC funded affordable housing established in the early 2000s, providing 69 low-income units. This represents a significant investment in affordable housing for the area. The zip code has experienced population growth and demographic shifts over the past decade, which may indicate evolving housing needs. The lack of recent LIHTC projects, despite these changes, suggests that a reassessment of affordable housing needs in this area may be warranted to ensure housing options align with the community's current demographics and economic conditions.
